There are lots of reasons consumers call on Michiana Appraisals, LLC.

To a lot of us, an appraisal just looks like another fee on the break-sheet for a mortgage or refinance. And while there are an increasing number of automated home valuation methods that may appear to be more practical than an appraisal, nearly all lenders still need a local expert because the stakes are very high. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are additional cases when the services of a licensed, independent real estate professional could come in handy.


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Appeal your tax assessment in St Joseph County

If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Michiana Appraisals, LLC. is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.

Getting rid of your PMI will lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the home, nearly all lenders ask home buyers to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this extra payment is bundled into the monthly mortgage payment and is soon forgotten. This is bad because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Michiana Appraisals, LLC. can provide you with a statement regarding the value of your home. The expense of the appraisal can often be offset in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Michiana Appraisals, LLC.

A divorce is an especially traumatic event for the parties involved, and it is often more complicated by the difficult decision of who keeps the house. It's a good idea to order an appraisal from Michiana Appraisals, LLC. so both parties are fully aware of the true market value of their house, regardless of the situation.

If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Settling an estate with peace of mind

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Michiana Appraisals, LLC. can assist you in relocating to or from St Joseph County

We understand the stress associated with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed process, we recommend employees that are moving to provide input on the positive characteristics of their property, as well as information about any current sales or listings in their area that they want considered.

Selling your home quickly at the right price

A professional appraisal will help you make a more informed decision when determining your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't contingent upon the value we report, but rather they rest on our efforts to finish the appraisal.

On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to determine what improvements will add value and what a suitable sales price is for your home - so you don't come up short or have your house on the market an unnecessarily long time - because we're experts in knowing how long homes are one the market.